Net earnings for the fourth quarter ended Feb. 1 were $35,562,000 against a loss of $63,971,000, as revenues were up slightly to $677,579,000 from $675,491,000 helped by a 1% improvement at Journey’s. Consolidated comps increased 1%, as a 2% dip in store comps offset direct posting a 19% gain. DTC sales made up 16.6% of total retail sales, up from 13.7% last year. Gross margin for the quarter improved 20 b.p. to 46.9% as improvements in Journeys and Schuh were offset by a 50 b.p. dip at Johnston & Murphy due to higher retail markdowns. SG&A decreased 1% in dollars ... Log in to view full article.